Merger Integration. The onus should be on those employees who will be directly affected by the change, and managers need to be very aware of the vibes in their departments. Company Name or Letterhead Address City, State Zip. Address When composing an official or service letter, presentation design and layout is crucial to making an excellent first impression. Empathy for employee needs breeds the help you need to manage change. [ Register | Login ]  Please rest assured your jobs will in no way be affected. All of us have an exciting future around the corner. Merger. From: Mr. Peterson. by Preston Ayres. Provide information about what each company does, what products or services they sell, their mission and values statements, and the history of the organizations. So, while focusing on this initial announcement is great, you will also want to have letters prepared for each of your specific stakeholders that will notify them of this change sooner rather than later. Then there’s the actual work of merging two organizations. There are several ways to do this. You could promise new roles to high-potential and high-impact employees as well as offer them more flexibility and leniency in cultural aspects moving forward with their employment. Company Merger Letter To Employees Source: www.mergerintegration.com Company Merger Letter To Employees Source: 0.academia-photos.com Company Merger Letter To Employees Source: www.feiengineers.com Company Merger Letter To Employees Source: lh3.googleusercontent.com Is it because the company’s technologies are complimentary? Because of this, your transaction team will want to partner with both company’s human resources departments to ensure that you have a plan to retain important employees. Your merger announcement letter should solidify your company’s mission, explain anticipated changes and provide the customer with a point person to help navigate new policies and procedures if questions or concerns arise. Merger Integration Consulting Services Merger Integration Consulting Services Merger Integration. We have every confidence you will finally agree this decision was the only sensible one in light of today’s economy. Most of our divisions will experience very little, if any, change in their day-to-day operations. Introduce the New Brand. To all staff: RE: Acquisition of __ (Name of Company)__. The letter has optional clauses for use before or after the transfer. What do they sell?). Download Article. Employees who believe that their terms and conditions have been substantially changed to their detriment before or after a transfer have the right to terminate their employment and claim constructive unfair dismissal at a tribunal. The next few weeks will be busy, exciting, and challenging ones. Transfer of employees between different locations of the new entity, change in work profiles and execution of fresh or revised employment agreement with the new entity are some of the changes that would arise as a result of a merger or an acquisition. Communicate how the merger will or will not affect your employees’ career path – be available and listen to their personal concerns. This agreement is subject to several conditions that must be met before the acquisition is final, and this negotiation … If you tell the employee that the company is not for sale and then the company makes a sale announcement two months later, that employee will feel betrayed and her trust will be broken. Our company officials and those of Freeman Inc. announced today an agreement has been reached on the merger of our two companies, to be effective May 9. And that is just one issue to worry about! Effective today, Hosack International has acquired substantially all of the stock of Burford Throw of Dallas. Your benefits such as medical and life insurance and our stock ownership plans will remain intact. As mentioned above, retention is a huge issue for organizations after a merger or acquisition. Competitors may pounce and try to steal customers by implying that the sale may impact product quality or through some other scare tactic. How Mergers and Acquisitions Impact Employees . After a merger, employees will naturally be concerned about terminations, since the new company won’t need two accounting or human resources departments. From: Mr. Peterson. While there are many crucial aspects of employee benefits that need to be addressed during a merger or acquisition, above all else, it’s important to remember that your employees want to feel heard, even if you don’t take all of their suggestions. by emily on March 20, 2012. Mr. Mark Thomas. Address how the merger will affect employees directly. In the Ottawa Citizen online article "Managing post-merger consolidation," human resources guru Jeffrey Sonnenfeld says: "Take at least as much time as you spend with your financial analysts and spend it with your employees. Lots of jobs ask you to submit a cover letter along with your other application materials, yet also if a cover letter is optional, you could take the opportunity to send out one along. MSHA CEO Letter to employees confirms Wellmont merger. Heinz Chairman, President and CEO Bill Johnson issued a letter to employees this morning after news broke that the company agreed to be acquired by Berkshire Hathaway and 3G Capital. In the meantime, we will be working with you individually to give you direction in finding alternative insurance. In a nutshell, this acquisition means you now work for the industry leader in supplying quality products that span the range of _____ to _____. Purchased Assets: This part of the letter of intent in a merger or acquisition refers to the purchasers intent to purchase all of the assets belonging to the sellers company at the point of transaction. Promise to provide other details as soon as they become available. Date. had just announced a merger. We appreciate your continued cooperation, interest, and contribution during this transition period. Here is the full text of the letter … JOHNSON CITY, Tenn. - … In this post, we have tried to provide a bird’s eye view of the many points and challenges to be conscious of in the process. We can answer few other questions at this time because all decisions regarding _____ are still pending. As stated above, most mergers and acquisitions fail. Note that formal thank you letters or appreciation letter to employees don't necessarily have to come from HR departments! As news of the Delta Air Lines Inc.'s $17.7 billion merger with Northwest Airlines broke, Delta executives sent the following memo to Delta employees:. Welcome, visitor! Make them strategic partners." Integrating cultures, values, expectations and staff is a big challenge for management – and for employee communication. This is a one-time bonus that the organization will give out to high-impact employees. Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News on everything pertaining to technology Your medical benefits and your hospitalization coverage will remain in force through the end of the year. Example 4: Sample Letter for Acquisition & Merger. This merger will start an exciting next chapter for all Ingram Micro stakeholders, including our vendor and customer partners and you, our associates. Here are 8 ways you can retain your top employees after a merger or acquisition: 1. 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